Month: October 2017

Tax Tip Tuesday E.4

Hey, this week’s tax tip is the conclusion to a 3 part series. If you are just joining us, I highly recommend you start with Part 1 and Part 2, before reading this conclusion. Last week’s recap: Brewery owner was given advice to spend, spend, spend because his CPA projected $40,000 in profits at year …

Tax Tip Tuesday E.4 Read More »

Tax Tip Tuesday E.3

This weeks tax tip is a continuation from last week. If you missed it, you can read it here. So we need a better strategy, one that provides the cash to pay taxes, avoids spending, and allows us to stockpile cash for use in future tax saving strategies. It’s that simple, and those who follow …

Tax Tip Tuesday E.3 Read More »

Tax Tip Tuesday E.2

Most tax planning advice given to small business owners is based on spending money. “Buy new equipment before year-end.” “Prepay next year’s insurance policy.” “Buy the heavy duty truck for your new ‘business vehicle’ so we can write it all off in year one.” Is this the best we can do? This annual ritual is …

Tax Tip Tuesday E.2 Read More »